Month: May 2024

Hauppauge, NY, May 01, 2024 (GLOBE NEWSWIRE) —  – Cemtrex, Inc. (Nasdaq: CETX) (the “Company”), an advanced security technology and industrial services company, today announced the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately $10 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering was upsized from $9 million. The base offering consists of 11,764,705 Common Units or Pre-Funded Units, each consisting of one share of common stock (“Common Share”) or one Pre-Funded Warrant, one Series A Warrant to purchase one Common Share at an exercise price of $0.85 per share or pursuant to an alternative cashless exercise option, which warrant will expire two-and-a-half years from the closing date of this offering...

HIGHLIGHTS Nunyerry NorthAt Nunyerry North, a ~4,000 m RC drill program is to commence next week following significant results from the maiden drill program. The program will test multiple new targets along strike of known mineralisation and down plunge of existing intercepts. Significant intercepts from the maiden RC program at Nunyerry North1 included:6 m @ 6.12 g/t Au from 37 m (NC017) 11 m @ 2.52 g/t Au from 22 m, including 6 m at 4.19 g/t Au from 22 m (NC014) 13 m @ 1.89 g/t Au from surface (NC004) 4 m @ 5.71 g/t Au from 40 m (NC015) 17 m @ 1.34 g/t Au from 37 m, including 4 m at 3.77 g/t Au from 50 m (NC022) 14 m at 1.14 g/t Au from 39 m, including 4 m at 2.16 g/t Au from 41 m (NC006)The upcoming Nunyerry North drilling program successfully qualified for the Western Australian State Government Exploration Incentive Scheme...